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Gold is so unloved it is becoming immune to Fed's oversized rate hikes - MKS' Shiels

From kitco.com

The gold market shows relative strength in the face of rising interest rates and a U.S. dollar that continues to trade near its highest level since 2002. Now could be a tactical time to buy gold, according to one market analyst. In her latest research note, Nicky Shiels, head of metals strategy at MKS PAMP, said that rising economic risks is helping gold find a solid floor around $1,660, even as the Federal Reserve is maintaining its aggressive monetary policy stance as it lowers its growth outlook. Wednesday, after raising interest rates by another 75 basis points, economic projections from the U.S. central bank ... (full story)

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  • Category: Fundamental Analysis